2005 IBS Exhibit Space Already Tops Las Vegas
The Big Show just got bigger as sales of exhibit space for The 2005 International Builders’ Show ™ (IBS) in Orlando topped last year's record in Las Vegas of more than 1 million gross square feet. 2005 IBS will be held Jan. 13-16 at the Orange County Convention Center.
This year’s increased exhibit space — with a baseline size of almost 17 football fields — means a wider variety of products and services will be on display. Plus, with exhibitors competing for business, buyers are expected to be offered many great show-only deals.
Each year, show attendees get to see the latest products, services and innovations in the building industry well before they hit the mainstream. Last year in Las Vegas, a record-breaking 104,000 IBS attendees were treated to the then largest-ever IBS exhibition. More than 1,600 exhibitors represented 300-plus product categories in residential construction, home technology and light commercial construction.
To register for the 2005 IBS, go to www.BuildersShow.com/register. To view the list of exhibitors, go to www.Buildersshow.com/exhibitors.
NBN Online will be on midsummer recess next week and not publish on July 26. We will resume publication on Aug. 2.
|
|
|
|
Liability Insurance Initiative Reaches a Critical Phase
NAHB’s effort to improve the price, coverage and availability of general …
|
|
|
 |
Housing Snapshot
Mortgage interest rates moved down slightly last week, with retail sales, industrial production and prices all on the decline. Freddie Mac Chief Economist Frank Nothaft said he expects to see no significant increase in those rates in the immediate future. Federal Reserve Board Chairman Alan Greenspan prepared to address the Congress this Tuesday and Wednesday, and he was expected to say that the Fed's new policy of measured increases in interest rates remains appropriate for current economic conditions. The Consumer Price Index increased by 0.3% in June, half the rate of the previous month, and the Producer Price Index declined 0.3%. It was up 0.7% in April and 0.8% in May. On the lumber price front, the cost of framing lumber started moving up again following a few weeks of softening. The cost of 1,000 board feet climbed $14 to $419, according to Random Lengths. Brazilian imports continued to increase the supply and lower the prices of panels, Random Lengths reported. The price of 15/32-inch 3-ply CDX southern west-east plywood was $300 per 1,000 square feet, up $5 from the previous week. Oriented strand board continued to decline in price, falling to $275 from $290 during the prior week.
| Mortgage Interest Rates |
| 30-Year Fixed-Rate |
6.0% |
| 15-Year Fixed-Rate |
5.4% |
| 1-Year ARM |
4.02% |
| Housing Starts - May 2004* |
| Total |
1.97 million |
| Single-Family Starts |
1.64 million |
| Multifamily Starts |
317,000 |
New Home Sales
May 2004* |
1.369 million |
Existing Home Sales
May 2004* |
6.80 million |
| * Seasonally adjusted annual rate |
|
|
|
